Day Trading Crude without indicators.

Quote from mfbreakout:

02-16-2012. I have resistance at 102.12-103.60. What if price never gets there? In that case i need some evidence of weakness to put on a short. Time of the day is also an important factor.

02-16-2012 Oil Pit close. +26.

NOTE: I need to answer some questions I have received. I will answer in a day or two.
 

Attachments

how dxy move on 02-16-2012 helped with RISK ON trades set ups.

Lot of traders get caught in watching DXY etc.. tick for tick and get confused to say the least. Unless one is trading forex, all one need to be aware of the general direction of DXY.
 

Attachments

short 103.76. cover 103.40 +36. I am trading CLJ2 contract. Traders trading CLh2- difference between 2 contracts Support and resistance is 30 ticks.

CLJ2 need to clear 103.70 and then will look for longs on pull backs, otherwise short below 103.70 area.
 
03-17-2012 +26. Clues into Why 103 area is being supported for time being and why price is not breaking above 103.50 so far.

This is more important than Better Volume bar. If better Volume bar shows up at POC , even better.
 

Attachments

Quote from mfbreakout:

short 103.76. cover 103.40 +36. I am trading CLJ2 contract. Traders trading CLh2- difference between 2 contracts Support and resistance is 30 ticks.

CLJ2 need to clear 103.70 and then will look for longs on pull backs, otherwise short below 103.70 area.

Euro close set up off 103.70 resistance. +44. CLJ2 contract.
 

Attachments

Back
Top